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Yes I have just heard same as elan - placing at 1.75 old money which will be 7p after consolidation. Assuming it will open close to this. All rumour at mo. I've had nothing to do with the placing.
As far as I know from reading a post on the ADVFN forum, the placing, or placings have been made at the equivalent of 1.75p. There seems to be a share consolidation of 4 to 1, which would make it 7p. So I think folk are expecting it to relist at 7p. This is all very second hand, I wish others who were invited to take part in the open offer placing could shed some light, and maybe confirm the relist date?
I meant relisting
What are your guesses for sp on resisting?
Noises are that this will open at a premium to where the SP is currently. Some may sell for a quick profit to release tied up funds. Others will hold for the real gains.
So I am currently 30% down on my holding.... What should I expect to happen to SP when / if this N4 scenario comes of age? And why if that is not too much to ask?
Going to sail close to the wind.....very concerned oh why oh why take it to the wire...WHY?
I'd forgotten about Easter - surely that means the deadline day is April 18th?
According to N4s website ' It is expected that the proposed acquisition will be completed by mid April' but ... ' Subject to shareholder approval' will we get this and compete the necessary documents by Thursday? Don't forget Friday and Monday are holidays. So what happens if we miss the 6 month deadline?! "Where the AIM company has not completed its reverse takeover transaction within the six-month period, its listing will be suspended (and will normally be cancelled if it remains suspended for a further six months under AIM Rule 41)" Taken from:- http://www.nabarro.com/insight/briefings/2015/december/changes-to-the-aim-rules-affecting-investing-companies/ So we remain suspended but not cancelled. Has anyone been in contact with Gavin recently?
If an RNS does come thru' in the next 4 days and the suspension is effectively lifted, would it mean that share trading could start again immediately, or would it be some time after the AGM?
If the Company has not made an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implemented its Investing Policy within 6 months of the suspension, being 17 April 2017, the admission of the Company's ordinary shares to AIM will be cancelled. Will any one give me odds on us getting an RNS within the next 4 days ??
it has been a long 6 months and the first 3 months were pretty uncomfortable and the word "Happy" was not in my vocabulary........ so this weeks word is "Happy" I'll go with that! "Over the moon Happy" can wait a while I'm sure!
Gtech - is what you've heard anything to do with my post about the AGM resolution?
I have read the AD and I am surprised it's not been released yet. If what I expect is going to happen happens we should all be very happy. We could have if things had gone to plan be over the moon happy. But alas if the last info I heard is right very happy at the start moving rapidly to over the moon happy shortly afterwards.
thanks Elan for that! Certainly the vibes are positive, but I agree that it would have be courteous to have kept us informed! So I suppose we have to put up,shut up, and await the dramatic increase in share price, yawn...;-))))
Yes, agree. Not much communication from them and not forgetting it was 3 months after suspension until the RTO rns. I just assume they are really busy
I agree, I think everyone should be treated the same way. If it's any consolation, I've noticed that N4 have been working on a new website at n4pharma.com They were working on it this afternoon, (I've had to go to such sad lengths as automatically monitoring websites, such has been the lack of info to us). It's just a "site under maintenance" page just now, but I briefly saw a new layout with menus like "Investors", Aim Rules, and a list of their technologies, before it got updated again back to the holding page. It's coming folks, I just wish the process had been a bit more friendly to us. All we really had was cryptic tweets from NT. I hope there's a barrage of positive RNSs in the coming months.
Yes everyone should be treated exactly the same i personally am feeling really annoyed...and a tad nervous
it sounds like some holders are in the loop and some are being invited to participate! on that basis I like others look forward to an official update, and that can not be far away!
It would be mere courtesy at this stage to keep shareholders informed re possibilities, good or bad
Think you going to see a great return on these - hold onto these golden tickets Good luck.
Chats, you questioned (maybe tongue in cheek?) if I am invested. Not a massive holding but yes have 600k shares @ 0.77 average. Lets just say I am now feeling VERY happy and relaxed ;-) Have a good day!
Does anyone know what this would mean for existing shareholders please? It’s from the 18th April 2017 – Notice of Annual General Meeting, on the Onzima Ventures website: Authority to allot shares and waiver of pre-emption rights (resolutions 4and 5)The Directors seek authority to allot up to a maximum of 181,956,558 ordinary shares. Further, in order to retain some flexibility at this stage in the Company’s development, the Directors seek power to allot 181,956,558 equity securitieswholly for cash other than on a pre-emptive basis to current shareholders pro-rata to their existing holdings. This amount represents 100% of the issued ordinary share capital as at 24th March 2017. These authorities will continue in force until the AGM to be held in 2018 or 30 June 2018, whichever is the earlier.
From my bank, First Direct, that I buy shares through. Just posted last night to let those who have been doubting the successful relisting of the company that we are another step closer to coming back. It also confirmed the AGM on 18 April. ATB
Think it depends what broker you use. Not all offer the service of letting clients participate in placings. I'm with HL and have heard nothing but I do not think they offer that service as a matter of course. Have heard good things cattleman so we just need to wait now.